Bristol-Myers will license drugs to Biogen, Roche for $470M

Bristol-Myers Squibb Co. will license two of its drugs to Biogen and Roche for $470 million upfront, reports Reuters.

Here are three things to know.

1. Bristol-Myers will license an experimental drug to Biogen for progressive supranuclear palsy, a rare neurodegenerative brain disorder. The drug may also prove viable for treating Alzheimer's disease, according to Biogen, which will pay $300 million for the drug.

2. Roche will pay $170 million to receive the licensing rights for Bristol-Myers' investigational Duchenne muscular dystrophy drug.

3. Bristol-Myers expects the deals to close in the second quarter.

More articles on supply chain:

FDA rejects Eli Lilly's arthritis drug
Lannett CEO gloats about generic price hikes, investors say
Drug shortages raise price of alternative treatments: 4 study findings

Copyright © 2023 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars